Japan sidelined as TPP stalls and China and South Korea strengthen economic ties
South Korea and China are major exporters but have no involvement in the huge Trans-Pacific Partnership free-trade project led by Japan and the US. The TPP venture has stalled, but Seoul and Beijing have reinforced their bilateral agreements at the exclusion of Japan. China has also concluded a tariff-busting deal with Australia. The moves demonstrate President Xi Jinping’s diplomatic prowess; if TPP fails, China will have gained significant status in the region and gently moved the US into the role of a foreign military power.
THE AMBITIOUS Trans-Pacific Partnership (TPP) project, aimed at est...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.